Marvell Technology - MRVL Stock Forecast, Price & News

25 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Marvell Technology in the last twelve months. There are currently 3 hold ratings and 22 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" MRVL shares.
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25 brokerages have issued 12-month price targets for Marvell Technology's shares. Their MRVL share price forecasts range from $41.00 to $125.00. On average, they predict the company's share price to reach $64.31 in the next year. This suggests a possible upside of 55.1% from the stock's current price.
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Marvell Technology's stock was trading at $87.49 at the beginning of 2022. Since then, MRVL stock has decreased by 52.6% and is now trading at $41.47.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, March 1st 2023.
View our MRVL earnings forecast.

Marvell Technology, Inc. (NASDAQ:MRVL) announced its quarterly earnings data on Wednesday, December, 1st. The semiconductor company reported $0.43 earnings per share for the quarter, topping the consensus estimate of $0.38 by $0.05. The semiconductor company had revenue of $1.21 billion for the quarter, compared to analysts' expectations of $1.15 billion. Marvell Technology had a positive trailing twelve-month return on equity of 8.50% and a negative net margin of 2.43%. Marvell Technology's revenue was up 61.5% compared to the same quarter last year. During the same period last year, the business posted $0.17 EPS.

Marvell Technology announced a quarterly dividend on Friday, September 23rd. Shareholders of record on Friday, October 7th will be paid a dividend of $0.06 per share on Wednesday, October 26th. This represents a $0.24 dividend on an annualized basis and a yield of 0.58%. The ex-dividend date of this dividend is Thursday, October 6th.
Read our dividend analysis for MRVL.

Marvell Technology (NASDAQ:MRVL) pays an annual dividend of $0.24 per share and currently has a dividend yield of 0.58%.
Read our dividend analysis for MRVL.

Marvell Technology updated its fourth quarter 2023 earnings guidance on Thursday, December, 1st. The company provided EPS guidance of $0.41-$0.51 for the period, compared to the consensus estimate of $0.62. The company issued revenue guidance of $1.33 billion-$1.47 billion, compared to the consensus revenue estimate of $1.61 billion.

247 employees have rated Marvell Technology Chief Executive Officer Matt Murphy on Glassdoor.com. Matt Murphy has an approval rating of 89% among the company's employees.

Based on aggregate information from My MarketBeat watchlists, some companies that other Marvell Technology investors own include NVIDIA (NVDA), Advanced Micro Devices (AMD), Micron Technology (MU), QUALCOMM (QCOM), Alibaba Group (BABA), Intel (INTC), Salesforce (CRM), Walt Disney (DIS), Cisco Systems (CSCO) and Block (SQ).

Marvell Technology trades on the NASDAQ under the ticker symbol "MRVL."

Marvell Technology's stock is owned by many different retail and institutional investors. Top institutional shareholders include Vanguard Group Inc. (7.82%), BlackRock Inc. (7.32%), State Street Corp (2.19%), Price T Rowe Associates Inc. MD (1.96%), Fisher Asset Management LLC (1.36%) and Brown Advisory Inc. (1.31%). Insiders that own company stock include Andrew Micallef, Chris Koopmans, Dan Christman, Dean E Jr Jarnac, Edward H Frank, Ford Tamer, Jean X Hu, Loi Nguyen, Matthew J Murphy, Michael G Strachan, Mitchell Gaynor, Muhammad Raghib Hussain, Nariman Yousefi, Richard Hill, Willem A Meintjes and Willem A Meintjes.
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Shares of MRVL stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of MRVL stock can currently be purchased for approximately $41.47.

Marvell Technology (NASDAQ:MRVL) has a market capitalization of $35.38 billion and generates $4.46 billion in revenue each year. The semiconductor company earns $-421,030,000.00 in net income (profit) each year or ($0.16) on an earnings per share basis.

The company employs 6,729 workers across the globe.

Marvell Technology's mailing address is 22 VICTORIA STREET, HAMILTON D0, HM 12. The official website for the company is www.marvell.com. The semiconductor company can be reached via phone at (302) 295-4840, via email at ir@marvell.com, or via fax at 441-295-3328.